The popularity of cryptocurrency is increasing day by day and growing with leaps and bounds in many countries. Even India, which had previously banned this currency has now, partially accepted it. It is going to introduce its own Crypto in the upcoming financial year. Reserve Bank of India will introduce its own Crypto, which will be known as CBDC ( Central Bank Digital currency). It will work on the same blockchain technology but will have a vigilant eye on RBI. Introduction -The basis of this currency is Cryptography. Its name is derived from the Greek word –Krypto, meaning hidden or secret. In this,currency is in digital form only and first Encrypted by coding-converting plain text information/currency denomination into a code/cipher-known as Key. At the receiver end, it is Decrypted by another coded Key which will decipher it into plain comprehensible text.
How cryptocurrency transactedThere are as many as 8000 Cryoto-currencies in praxis around the world. Bitcoin was introduced first, so it is unofficially known as the father of all Cryptocurrency. It was started by Satoshi Nakamoto (It’s a Japanese Name) in 2009. Basis of Crypto:- It is not dependent on any bank for the validation of transactions but is validated by a series of many computers/Nodes working in the same algorithm .Here distributed ledger technology-known as Block-chain-technology is used.
How cryptocurrency transactedThere are as many as 8000 Cryoto-currencies in praxis around the world. Bitcoin was introduced first, so it is unofficially known as the father of all Cryptocurrency. It was started by Satoshi Nakamoto (It’s a Japanese Name) in 2009. Basis of Crypto:- It is not dependent on any bank for the validation of transactions but is validated by a series of many computers/Nodes working in the same algorithm .Here distributed ledger technology-known as Block-chain-technology is used.What is Block-chain-technology? :-In this transaction records are stored in a group/category, called Blocks,which has limited space. After one group/block is filled it is attached/chained with the last block. Thus a chain of blocks is forwarded ahead and fed onto the connected computers/nodes around the world.
Miners Here comes the role of Miner’s, who validate the transactions after taking a certain fee. Then it is forwarded through the block and the recipient credit it into his/ her Wallet by the decryption 🔑 .
Main Advantages– 1-No third party involved 2-Grants everyone direct access to global economy 3-Trusted transaction 4-Transparency 5-Reduced cost 6-It can’t be altered,deleted or stopped.
——-to be continued in the next part Pros and Cons, Types of Crypto-currencies, values of different Crypto, and future prospects.—
English
Как ходят под парусом Все про водные суда
Морская и речная лоция.
wc.matrixplus.ru
Все про катера, яхты, катамараны, гидроциклы, аквабайки, лодки и прочий водный транспорт.
wc.matrixplus.ru
Как отдохнуть за штурвалом.
Купить химию для мойки катера и яхты отываем днище и борта
Все для мойки транспорта, химия и технологии
Ультразвуковая очистка форсунок и инжектора,как правильно чистить
Hello. And Bye.
Welcome and thanks for visiting my site.
Игры +на xbox +one купить дешево ключи -Thief-игра-не воруй чтобы выживать а живи чтобы воровать + https://plati.market/itm/3073287
купить игры +на xbox +one+ https://plati.market/itm/2908468
игры +на xbox +one купить дешево+ https://wmcentre.net/item/sniper-elite-3-ultimate-edition-xbox-one-klyuch-3205694
купить аккаунты xbox live+https://wmcentre.net/item/call-of-duty-black-ops-cold-war-modern-warfare-xbox-3203386
купить игры на xbox+http://mysel.ru/goods_info.php?id=2974252
Новые игры аккаунты в аренду+https://wmcentre.net/item/red-dead-redemption-2-xbox-one-3203361
steam game code+https://plati.market/itm/3115457
Xbox Game Pass Ultimate + EA Play+https://mysel.ru/goods_info.php?id=3152163
Assassins Creed xbox one+https://plati.market/itm/3083539
Resident Evil xbox one+https://plati.market/itm/3037039
Call Of duty xbox one+https://www.plati.market/itm/3085414
Hitman xbox One+https://plati.market/itm/3037131
Battlefield xbox one key+https://plati.market/itm/2892228
Metro Xbox Key+https://plati.market/itm/2957673
игры XBOX XD KEY MYSEL>RU https://mysel.ru Торговая площадка цифровых товаров
FIFA 20 XBOX ONE Ключ / Цифр код + подарок
Watch Dogs 2 – Xbox Live Key –
METRO: LAST LIGHT REDUX +подарок
The Crew 2 XBOX/PC+present
Diablo III: Eternal Collection Xbox One
Steam Turkey 50 TL Gift Card Code(FOR TURKEY ACCOUNTS)
Netflix Турция Подарочный код 100 TL
The Division 2 –
Crysis 1,2 XBOX ONE
MORTAL KOMBAT 11 XBOX ONE X/S
King?s Bounty II – Lord?s Edition XBOX ONE
Amazon Gift Card US $10
iTUNES GIFT CARD – $15(USA)
Dead Rising Triple Bundle Pack XBOX / КЛЮЧ
Thief Xbox One
Nba 2k20 xbox one
Подписка EA Play: 1 месяц (цифровая версия)Xbox One
Nintendo Switch Online Подписка 3 МЕС EU/RU
Adguard Premium 1ПК+https://wmcentre.net/item/adguard-premium-1pk-na-1-god-3203400
AVG TuneUp 1 ПК 1 ключ+https://plati.market/itm/3048052
Хочешь купить машину, срочно нужны деньги, не хватате на покупку иди в банк HOME BANKE
ADVCASH-карта Быстро, удобно, без лишних комиссий.Пластиковые и виртуальные prepaid-карты в разных валютах.Удобные расчеты по всему миру.+https://wallet.advcash.com:443/referral/e03d7801-07e6-4037-9c19-d4392252234f
Стань успешным трейдером, торгуй на валютном рынке, получай прибыль+https://site.forex4you.ru.com/?affid=d339e9d
Автоматизация ваших действий в браузере, заработок с помощью шаблонов-Покупай Zennoposter+http://www.zennolab.com/ru/products/zennoposter/pid/304ef301-d306-4a83-bbd6-a6bfc4923335
Открой свой бизнес(заведи свой счет), работай на себя, зарегесрируй ИП или ООО бесплатно +https://sme.raiffeisen.ru/partners/leqgy080
Дешевый хостинг,качество по низкой цене+https://webhost1.ru/?r=133178
Покупай на ENOT-способ оплаты(0% при оплате банковской картой)11 способов оплаты
113906 991813Hi there, just became aware of your weblog by means of Google, and located that it is actually informative. Im gonna watch out for brussels. I will appreciate should you continue this in future. Lots of folks will likely be benefited from your writing. Cheers! 928436
Welcome and thanks for vising my site and for your compliments. Rest assured I’ll contnue to post interesting and informative articles, will not let you down.
Thank u very much for visiting my site and encouraging me.I assure u that I’ll never let you down. Satish